HBL Engineering
HBL Engineering
AutomobilesKey Fundamentals
SmallcapAuto ComponentsAutomobilesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 118% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.1%
Weaknesses
1- Stock is trading at 9.76 times its book value
Growth Rate
AI News Digest
- Shareholders approve AGM resolutions Sep 26
HBL Engineering held its 40th AGM on September 26, 2026, where shareholders approved the dividend, director appointments and borrowing limits with large majorities. The approved borrowing limits give the company room to raise debt, but no amount or use was disclosed.
- Sept 11 dividend record date Sep 3
HBL Engineering set September 11, 2026 as the record date for its 40th AGM and dividend. Shareholders holding equity shares on that date qualify for the payout and e-voting rights.
TL;DR: Both articles cover routine corporate governance: the AGM process and a dividend record date. They contain no information on earnings, orders, margins or operations. Strong shareholder support for all resolutions suggests no governance friction, and continuing to pay a dividend points to stable cash generation, but neither item changes the fundamental picture. Watch for how the newly approved borrowing limits are used and for upcoming quarterly results, since those will show whether the trend is improving or getting worse.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 467 | 557 | 599 | 610 | 520 | 521 | 451 | 476 | 602 | 1,223 | 874 | 604 | 638 |
| Expenses | 390 | 456 | 486 | 479 | 410 | 412 | 357 | 396 | 410 | 679 | 572 | 529 | 491 |
| Operating Profit | 78 | 101 | 113 | 131 | 110 | 109 | 94 | 79 | 192 | 544 | 302 | 75 | 147 |
| OPM % | 17% | 18% | 19% | 22% | 21% | 21% | 21% | 17% | 32% | 44% | 35% | 12% | 23% |
| Other Income | 3 | 3 | 2 | -19 | 5 | 12 | 2 | 6 | 17 | -8 | 10 | 10 | 21 |
| Interest | 2 | 3 | 3 | 4 | 2 | 3 | 5 | 4 | 6 | 3 | 3 | 2 | 5 |
| Depreciation | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 15 | 12 |
| PBT | 69 | 91 | 102 | 98 | 103 | 107 | 79 | 71 | 191 | 520 | 297 | 67 | 149 |
| Tax % | 25% | 26% | 23% | 33% | 26% | 29% | 26% | 26% | 26% | 26% | 27% | 18% | 26% |
| Net Profit | 52 | 68 | 79 | 81 | 80 | 87 | 65 | 45 | 143 | 387 | 220 | 64 | 109 |
| EPS in Rs | 1.87 | 2.48 | 2.85 | 2.94 | 2.89 | 3.15 | 2.33 | 1.62 | 5.17 | 13.97 | 7.96 | 2.3 | 3.94 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,349 | 1,299 | 1,414 | 1,603 | 1,266 | 1,092 | 912 | 1,236 | 1,369 | 2,233 | 1,967 | 3,303 | 3,339 |
| Expenses | 1,210 | 1,164 | 1,286 | 1,477 | 1,169 | 1,011 | 845 | 1,097 | 1,217 | 1,810 | 1,574 | 2,190 | 2,271 |
| Operating Profit | 139 | 134 | 129 | 126 | 97 | 81 | 67 | 139 | 151 | 423 | 393 | 1,113 | 1,068 |
| OPM % | 10% | 10% | 9% | 8% | 8% | 7% | 7% | 11% | 11% | 19% | 20% | 34% | 32% |
| Other Income | 9 | 12 | 21 | 16 | 21 | 22 | 6 | 26 | 20 | 8 | 38 | 44 | 32 |
| Interest | 71 | 68 | 46 | 41 | 31 | 22 | 15 | 7 | 7 | 13 | 13 | 15 | 14 |
| Depreciation | 53 | 51 | 48 | 46 | 44 | 41 | 39 | 35 | 35 | 41 | 44 | 51 | 52 |
| PBT | 24 | 27 | 54 | 55 | 43 | 40 | 19 | 122 | 130 | 377 | 374 | 1,092 | 1,034 |
| Tax % | 43% | 45% | 29% | 42% | 35% | 35% | 29% | 23% | 24% | 26% | 26% | 25% | — |
| Net Profit | 14 | 15 | 38 | 32 | 28 | 26 | 14 | 94 | 98 | 280 | 276 | 814 | 780 |
| EPS in Rs | 0.56 | 0.59 | 1.53 | 1.14 | 1 | 0.95 | 0.5 | 3.39 | 3.56 | 10.13 | 9.99 | 29.4 | 28.17 |
| Div. Payout % | 36% | 42% | 18% | 22% | 30% | 32% | 71% | 12% | 13% | 5% | 10% | 10% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 539 | 584 | 701 | 724 | 739 | 745 | 754 | 838 | 924 | 1,193 | 1,455 | 2,187 |
| Borrowings | 686 | 549 | 479 | 366 | 232 | 161 | 70 | 63 | 86 | 67 | 74 | 67 |
| Other Liabilities | 311 | 277 | 258 | 224 | 162 | 169 | 184 | 204 | 257 | 366 | 422 | 661 |
| Total Liabilities | 1,562 | 1,435 | 1,467 | 1,342 | 1,161 | 1,103 | 1,036 | 1,133 | 1,294 | 1,654 | 1,980 | 2,942 |
| Fixed Assets | 456 | 415 | 417 | 363 | 321 | 304 | 279 | 265 | 320 | 354 | 397 | 441 |
| CWIP | 49 | 48 | 33 | 26 | 37 | 27 | 43 | 81 | 50 | 20 | 68 | 127 |
| Investments | 2 | 8 | 8 | 5 | 5 | 6 | 7 | 8 | 9 | 108 | 290 | 402 |
| Other Assets | 1,054 | 964 | 1,008 | 947 | 797 | 766 | 707 | 779 | 915 | 1,171 | 1,225 | 1,972 |
| Total Assets | 1,562 | 1,435 | 1,467 | 1,342 | 1,161 | 1,103 | 1,036 | 1,133 | 1,294 | 1,654 | 1,980 | 2,942 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 79 | 158 | 43 | 159 | 167 | 149 | 121 | 62 | 122 | 270 | 247 | 738 |
| Investing | -13 | -10 | 60 | -8 | 1 | -6 | -32 | -17 | -50 | -137 | -320 | -214 |
| Financing | -66 | -153 | -114 | -150 | -163 | -114 | -104 | -22 | 10 | -42 | -33 | -113 |
| Net Cash Flow | 0 | -5 | -11 | 1 | 5 | 29 | -14 | 23 | 82 | 91 | -107 | 411 |
| Free Cash Flow | 62 | 144 | 5 | 149 | 168 | 140 | 86 | 41 | 68 | 204 | 96 | 594 |
| CFO/OP | 60 | 125 | 41 | 149 | 192 | 201 | 184 | 65 | 105 | 85 | 88 | 93 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 106 | 120 | 122 | 103 | 105 | 102 | 102 | 86 | 83 | 58 | 69 | 71 |
| Inventory Days | 226 | 185 | 168 | 126 | 145 | 162 | 188 | 149 | 147 | 137 | 201 | 148 |
| Days Payable | 81 | 77 | 68 | 43 | 34 | 41 | 44 | 42 | 43 | 41 | 68 | 49 |
| Cash Conversion Cycle | 252 | 228 | 222 | 186 | 216 | 222 | 246 | 193 | 188 | 154 | 202 | 171 |
| Working Capital Days | 57 | 55 | 66 | 73 | 104 | 121 | 149 | 126 | 117 | 81 | 106 | 85 |
| ROCE % | 8% | 8% | 8% | 9% | 6% | 6% | 4% | 13% | 14% | 36% | 27% | 59% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view HBL Engineering insights
64 extracted metrics + investor summaries across FY11–FY27.
Frequently Asked Questions about HBL Engineering
What does HBL Engineering Ltd do?
Where is HBL Engineering Ltd (HBLENGINE) listed?
Which sector does HBL Engineering Ltd belong to?
What is the market capitalisation of HBL Engineering Ltd?
What is the PE ratio of HBL Engineering Ltd?
What is the 52-week high and low of HBL Engineering Ltd?
Does HBL Engineering Ltd pay dividends?
What is the Return on Equity (ROE) of HBL Engineering Ltd?
Company Information
Incorporated in 1983, HBL Engineering is an Indian research-driven manufacturing company that specializes in developing indigenous, cost-effective technology solutions—such as specialized batteries and railway safety systems—for critical global industries. The company is now expanding its focus toward domestic electric mobility solutions, including high-efficiency motors and drivetrain systems.[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/HBLENGINE.md for HBL Engineering Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.